REWahoo
Give me a museum and I'll fill it. (Picasso) Give
[-]This guy had obviously had a deadline to meet[/-] Interesting perspective on how to choose a financial adviser:
...the next time you talk with a financial adviser or broker, instead of inquiring about investment performance, you might want to ask, “How old are you?”
Why geezers give the best investment adviceIt’s true that the ability to analyze, process and retain new information—what scientists call “fluid intelligence” — peaks around age 20. But another type of smarts, “crystallized intelligence”— otherwise known as experience and knowledge — actually builds with age. Right around our early 50s, these two divergent trajectories intersect.
Just look at the 20-something day traders and mutual-fund managers during the late 1990s dot-com boom who argued that “this time it’s different.” Meanwhile, famed value-stock investor Warren Buffett, then pushing 70, was dismissed as hopelessly out of touch for not buying the technology hype. Where are those Internet-stock fund managers now and, moreover, their high-octane funds? Not in Buffett’s league, for sure.